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Crow Tribe signs economic compact to increase financing options

February 7, 2008 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Leaders from the Crow Tribe http://www.crowtribe.com/ , the state of Montana and the federal government gathered in the U.S. Capitol on Wednesday for the signing of a first-of-its-kind compact that will aid economic development on the Crow Reservation.

The agreement addresses the lack of legal framework that had kept many on the reservation from borrowing money and getting the financing they needed for all kinds of investments. The compact makes it easier for banks to file secured loans on the reservation, which will lead to a greater flow of capital to the Crow community.

By NOELLE STRAUB
Gazette Washington Bureau

Full Story: http://billingsgazette.net/articles/2008/02/07/news/state/49-crowtribe.txt

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